CASSIUS MINING LIMITED — Director's Dealing 2011

Jun 29, 2011

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01. Amended 01/01/11.

Name of entity GULF INDUSTRIALS LIMITED

ABN 13 115 027 033

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Wayne John Kernaghan
Date of last notice	28/04/11

Part 1 ‐ Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust.

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

of a director” should be disclosed in this part.	of a director” should be disclosed in this part.	of a director” should be disclosed in this part.
Direct or indirect interest			Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances givingrise to the relevant interest.			WJK Investments – Superannuation Fund
Date of change			30/06/11
No. of securities held prior to change			8,750,000 shares2,650,492 listed options expiring 30 June 20113,334,318 listed options expiring 31 March 20132,000,000 unlisted options exercisable at $0.086expiring31 March 2014
	o. of securities	held prior to change	3,334,318 listed op2,000,000 unlistedexpiring31 March	tions expiringoptions exerci2014	31 March 2013sable at $0.086
Cl
	ass		Options
N	umber acquire	d	‐
N	umber dispose	d	2,650,492 listed op	tions expiring	30 June 2011
VaNan	lue/Consideraote: If considerd estimated v	tionation is non‐cash, provide details	Nil
		aluation

+ See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	8,750,000 shares3,334,318 listed options expiring 31 March 20132,000,000 unlisted options exercisable at $0.086 expiring 31March 2014
Nature of changeExample: on‐market trade, off‐markettrade, exercise of options, issue ofsecurities under dividend reinvestmentplan,participation in buy‐back	Expiry of listed options on 30 June 2011

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	‐	‐	‐
Nature of interest	‐
Name of registered holder(if issued securities)	‐
Date of change	‐
No. and class of securities to which interest relatedprior to changeNote: Details are only required for a contract inrelation to which the interest has changed	‐
Interest acquired	‐
Interest disposed	‐
Value/ConsiderationNote: If consideration is non‐cash, provide details andan estimated valuation	‐
Interest after change	‐

Part 3 –[+] Closed period

Were the interests in the securities or contractsdetailed above traded during a+closed period whereprior written clearance was required?	Not applicable
If so, was prior written clearance provided to allowthe trade to proceed during this period?	‐
If prior written clearance was provided, on what datewas this provided?	‐

+ See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1